REDEVCO has announced that Jean-Christophe Bretxa (46) will take over as Managing Director of REDEVCO France on 2 November 2006. His predecessor, Charles-André Roche, will leave to take up a position as adviser to the Chairman of REDEVCO Europe. Bretxa previously held senior real estate positions in retail groups such as Printemps and Carrefour. Since 2005 he has been head of third party fund management at AXA REIM France, the French real estate investment management division of the AXA Group.
Jaap Blokhuis, CEO of REDEVCO Europe, says: âWe have known Jean-Christophe for several years and have found that we share the same business philosophy. The development side of the business has become increasingly important and we believe that Jean-Christopheâs experience will be a real asset to our Paris-based team and help to fully capture the value of the existing portfolio as well as the development pipeline.â
REDEVCO France has built an attractive €1 billion portfolio of properties on the strength of their considerable expertise in the retail sector. Retailer demand for property remains buoyant in France, and the market offers good long-term investment opportunities in this sector.